BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED - Company Information

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BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Company Registration Number:
00743063 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 2,844,561 2,800,841
Total fixed assets: 2,844,561 2,800,841
Current assets
Debtors:   402,781 450,596
Cash at bank and in hand: 60,604 10,900
Total current assets: 463,385 461,496
Creditors: amounts falling due within one year:   (640,380) (657,667)
Net current assets (liabilities): (176,995) (196,171)
Total assets less current liabilities: 2,667,566 2,604,670
Creditors: amounts falling due after more than one year:   (1,200,000) (1,200,000)
Total net assets (liabilities): 1,467,566 1,404,670
Capital and reserves
Called up share capital: 4,000 4,000
Revaluation reserve:31,323,3691,323,369
Other reserves: 2,540 2,540
Profit and loss account: 137,657 74,761
Shareholders funds: 1,467,566 1,404,670

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 December 2019
and signed on behalf of the board by:

Name: M P Thorpe
Status: Director

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods and services

Tangible fixed assets and depreciation policy

Depreciation is charged on all fixed assets, other than freehold property, at rates to write off the asset over its useful life.

Valuation and information policy

The company property was professionally valued in 2008 and this value has been consistently shown in the accounts. No adjustment has been made to the value since that date.

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Tangible Assets

Total
Cost £
At 01 April 2018 3,009,553
Additions 69,393
At 31 March 2019 3,078,946
Depreciation
At 01 April 2018 208,712
Charge for year 25,673
At 31 March 2019 234,385
Net book value
At 31 March 2019 2,844,561
At 31 March 2018 2,800,841

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Revaluation reserve

2019
£
Balance at 01 April 2018 1,323,369
Surplus or deficit after revaluation 0
Balance at 31 March 2019 1,323,369

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Related party transactions

Name of the related party: Bembridge Investments limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Current account loans over the period of ownership
£
Balance at 01 April 2018 350,171
Balance at 31 March 2019 350,004
Name of the related party: Bembridge Boat Storage Limited
Relationship:
Associate company - Common ownership
Description of the Transaction: Current Account loan over the period of ownership
£
Balance at 01 April 2018 78,100
Balance at 31 March 2019 71,851
Name of the related party: Hawk Property Development Company Limited
Relationship:
Holding Company
Description of the Transaction: Current Account loan over the period of ownership
£
Balance at 01 April 2018 50,356
Balance at 31 March 2019 27,732
Name of the related party: Bembridge Investments Limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Current Account loan over the period of ownership
£
Balance at 01 April 2018 350,171
Balance at 31 March 2019 350,004
Name of the related party: Bembridge Boat Storage Limited
Relationship:
Associate Company - common ownership
Description of the Transaction: Current Account loan over the period of ownership
£
Balance at 01 April 2018 78,100
Balance at 31 March 2019 71,851
Name of the related party: Hawk Property Development Company Limited
Relationship:
Holding Company
Description of the Transaction: Current Account loan over the period of ownership
£
Balance at 01 April 2018 50,356
Balance at 31 March 2019 27,732